Somewhat Positive Press Coverage Somewhat Unlikely to Affect Public Service Enterprise Group (PEG) Stock Price

News articles about Public Service Enterprise Group (NYSE:PEG) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Public Service Enterprise Group earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.1814723686873 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have effected Accern Sentiment’s analysis:

PEG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Public Service Enterprise Group from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Tuesday, August 1st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Public Service Enterprise Group in a research report on Wednesday, May 10th. BidaskClub upgraded shares of Public Service Enterprise Group from a “strong sell” rating to a “sell” rating in a research report on Monday, July 24th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Public Service Enterprise Group in a research report on Tuesday, June 27th. Finally, Mizuho upgraded shares of Public Service Enterprise Group from a “neutral” rating to a “buy” rating and increased their price target for the company from $44.50 to $50.00 in a research report on Friday, August 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Public Service Enterprise Group currently has an average rating of “Hold” and an average price target of $48.21.

Shares of Public Service Enterprise Group (PEG) traded up 0.82% during mid-day trading on Friday, reaching $46.68. 2,028,428 shares of the company’s stock traded hands. The company has a market cap of $23.61 billion, a price-to-earnings ratio of 52.45 and a beta of 0.38. The company has a 50 day moving average of $44.33 and a 200 day moving average of $44.29. Public Service Enterprise Group has a 12 month low of $39.28 and a 12 month high of $46.95.

Public Service Enterprise Group (NYSE:PEG) last issued its earnings results on Friday, July 28th. The utilities provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.05. Public Service Enterprise Group had a return on equity of 11.46% and a net margin of 4.88%. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. Analysts expect that Public Service Enterprise Group will post $2.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Thursday, September 7th. Public Service Enterprise Group’s payout ratio is 193.26%.

In other news, Chairman Ralph Izzo sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $42.83, for a total transaction of $1,284,900.00. Following the transaction, the chairman now directly owns 748,121 shares of the company’s stock, valued at $32,042,022.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate insiders.

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Public Service Enterprise Group Company Profile

Public Service Enterprise Group Incorporated (PSEG) is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid-Atlantic United States. The Company’s segments include Public Service Electric and Gas Company (PSE&G), PSEG Power LLC (Power) and Other.

Insider Buying and Selling by Quarter for Public Service Enterprise Group (NYSE:PEG)

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